2022
Flag  
GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
 GDP
$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH
87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC 
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186
2022
Flag
GDP PC
$10,121CURRENT US$
Rnk 77 / 186
2012-2022
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GDP PC GROWTH
67.3%CURRENT US$
Rnk 19 / 186

About

Romania-Dominican Republic Trade: In 2022, Romania exported $9.41M to Dominican Republic. The main products that Romania exported to Dominican Republic were Centrifuges ($2.99M), Tanned Equine and Bovine Hides ($1.11M), and Coated Metal Soldering Products ($530k). Over the past 5 years the exports of Romania to Dominican Republic have increased at an annualized rate of 20.8%, from $3.66M in 2017 to $9.41M in 2022.

In 2022, Romania did not export any services to Dominican Republic.

Dominican Republic-Romania Trade: In 2022, Dominican Republic exported $1.14M to Romania. The main products that Dominican Republic exported to Romania were Rolled Tobacco ($627k), Low-voltage Protection Equipment ($159k), and Hard Liquor ($158k). Over the past 5 years the exports of Dominican Republic to Romania have increased at an annualized rate of 24.5%,  from $381k in 2017 to $1.14M in 2022.

In 2022, Dominican Republic did not export any services to Romania.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $9.41M to Dominican Republic. The main products exported from Romania to Dominican Republic were Centrifuges ($2.99M), Tanned Equine and Bovine Hides ($1.11M), and Coated Metal Soldering Products ($530k). During the last 5 years the exports of Romania to Dominican Republic have increased at an annualized rate of 20.8%, from $3.66M in 2017 to $9.41M in 2022.

In 2017, Dominican Republic exported $1.14M to Romania. The main products exported from Dominican Republic to Romania were Rolled Tobacco ($627k), Low-voltage Protection Equipment ($159k), and Hard Liquor ($158k). During the last 5 years the exports of Dominican Republic to Romania have increased at an annualized rate of 24.5%, from $381k in 2022 to $1.14M in 2017.

Exports from Romania (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Romania (Flag) (2022)

Latest Data

Trade between Romania (Flag) and Dominican Republic (Flag)

Romania Exports

Dominican Republic Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Dominican Republic
Top Destination
United States$6.85B

This map shows whether countries import more from Romania or Dominican Republic. Each country is colored based on the difference in imports they receive from Romania and Dominican Republic or the difference in the growth in imports.

In 2022, countries that imported more from Romania than Dominican Republic included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Dominican Republic than Romania included United States ($6.85B), Haiti ($1.02B), and Jamaica ($139M).

Difference in imports from Dominican Republic (Flag) and Romania (Flag) (2022)

Comparative Advantage Romania - Dominican Republic

Flow
Scale

This chart compares trade between Romania and Dominican Republic by product, considering products traded by both, Romania and Dominican Republic.

During 2022, Romania had a large net trade with Dominican Republic in the exports of Machines ($3.79M), Animal Hides ($1.14M), and Metals ($1.07M).

During 2017, Dominican Republic had a large net trade with Romania in the exports of Foodstuffs ($823k), Machines ($225k), and Textiles ($92.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Dominican Republic+$1.36MCars
Top Product Potential Dominican Republic Romania+$909kRolled Tobacco

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Romania and Dominican Republic. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Dominican Republic. Similarly, a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Romania.

Product Space of Romania (Flag) and Dominican Republic (Flag) (2022)

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